Double Bachelor BSc2 in Econometrics and Economics
Erasmus School of Economics - Erasmus University Rotterdam
Key Information
Campus location
Rotterdam, Netherlands
Languages
English
Study format
On-Campus
Duration
4 years
Pace
Full time
Tuition fees
EUR 2,314 / per year **
Application deadline
01 May 2024*
Earliest start date
Sep 2024
* EEA students: 1 May, non-EEA students: 1 April
** statutory fee: dutch / EEA students; institutional fee: dutch / EEA students: € 7.100; non-EEA students: € 9.900
Introduction
What does this study entail?
Economists strive for a deep understanding of economic problems. Econometricians develop mathematical and statistical tools that, combined with data, can solve them. Are you interested in both? This program provides you with a thorough understanding of how economics works and gives you access to the latest methods to analyze economic problems and calculate their solutions.
Are you as ambitious as you are inquisitive? Erasmus School of Economics offers you a unique opportunity to acquire both profound economic insights and practical quantitative econometric skills in only four years.
This program allows you to focus on conceptual matters like inflation, valuation, and production as well as quantitative issues like risk, forecasts, uncertainty, probability, and scenario analysis. During the BSc² program, you will address questions such as:
- How will interest rates and stock prices evolve?
- How can we enhance the effectiveness of advertising by using Big Data?
- How will changes in unemployment rates affect consumer spending?
- What can be done to prevent a new ‘Eurozone crisis’?
Why study for the Double bachelor BSc² in Econometrics and Economics in Rotterdam?
Rotterdam is a vibrant, multicultural city that is at the forefront of exciting developments in industry, logistics, science, culture, and architecture. It is also the place where modern Econometrics was born at the acclaimed Econometric Institute, cofounded in 1956 by Nobel laureate Jan Tinbergen. With this solid background, the world within reach, and every opportunity to kick off a great career, where else would you want to study but Erasmus School of Economics?
Here you will have access to:
- An exclusive double bachelor, internationally valued in both the public and private sector
- A unique combination of insights and skills
- Intensive individual academic support
- Plenty of challenges for excellent students
- A vast international business and academic network.
Admissions
Curriculum
The "Double Bachelor BSc² in Econometrics and Economics" program, totaling 264 ECTS credits, offers a comprehensive curriculum that combines the quantitative rigor of econometrics with a broad understanding of economic principles, providing students with a well-rounded education in these interconnected disciplines.
The double bachelor program enables you to complete two entire three-year bachelor programs in four years. By taking extra lectures and exams you earn two BSc degrees in two-thirds of the original time. You will acquire an average of 66 credits each year instead of the standard 60 credits.
Year one: Focus on econometrics
The Double bachelor BSc² in Econometrics and Economics program covers both theoretical issues related to economics and business, and the application of mathematical and statistical techniques to help answer economic questions. This is unique. You benefit from the excellent perspective that this gives you, compressing the timeline by building knowledge in both subjects.
In your first year, you will focus primarily on Econometrics and Operations Research with various basic courses in mathematics, statistics, and economics. You will also receive training in computer programming to learn how to build models and implement mathematical techniques. Your first experience with operational research will consist of analyzing and solving optimization problems by applying these mathematical methods. We work with tutorial groups of about thirty students, which allows for individual attention and intensive guidance. During many of the practical assignments, you will work in groups of around four students.
Years two, three, and four: From a solid foundation to a double bachelor
The following three years all consist of both economic and econometric subjects. In the second year of the double bachelor program, you will lay the groundwork with fundamental courses. Years three and four are about deepening your knowledge and further developing your skills. You will take on your economic major in year three and your econometric major in year four.
In the final year, you have the opportunity to choose a minor (a combination of electives) at or outside the Erasmus School of Economics. You can also opt to study abroad or take an internship. With the completion of a thesis, you conclude the double bachelor program.
Bachelor 1
- Take-Off Bachelor
- Guidance (BSc2)
- Introduction to Analysis
- Introduction to Statistics
- Academic Skills 1 (BSc2)
- Matrix Algebra (econometrics)
- Microeconomics (econometrics)
- Analysis
- Macroeconomics (econometrics)
- Probability Theory
- Introduction to Programming
- Vector Calculus (econometrics)
- Statistics
- Linear Programming
- Mathematical Methods
Bachelor 2
- Accounting (IBEB)
- Introduction to Multivariate Statistics
- Programming
- International Economics
- Nonlinear Optimisation
- Finance 1 (IBEB)
- Econometrics 1
- Academic Skills 2 (BSc2)
- Philosophy
- Introduction to Behavioural Economics
- Empirical Marketing
- Econometrics 2
- Organization and Strategy
- Intermediate Accounting (IBEB)
Bachelor 3
- Applied Microeconomics
- Combinatorial Optimisation
- Economics of the Welfare State
- Markov Processes
- Mathematical Economics
- IBEB Major
- Simulation
- Introductory Seminar Case Studies Econometrics and Operations Research (Bsc2)
- Time Series Analysis
Bachelor 4
- Minor
- Electives
- Career Skills
- History of Economic Thought
- Econometrics Major
- BSc2 Bachelor's Thesis
Program Outcome
The double bachelor BSc² in Econometrics and Economics program will bring you:
- extensive knowledge of leading economic theories;
- the ability to apply mathematics to real-life economic and social issues;
- the ability to apply your analytical expertise and your social and communication skills in a professional environment.
Credits: 264 ECTS
Bachelor of Science
The double bachelor BSc² in Econometrics and Economics program will bring you:
- extensive knowledge of leading economic theories;
- the ability to apply mathematics to real-life economic and social issues;
- the ability to apply your analytical expertise and your social and communication skills in a professional environment.
Scholarships and Funding
Several scholarship options are available. Please visit the school website for more information.
Gallery
Ideal Students
Is this the right choice for you?
Do you have an above-average interest in economic developments, social issues and solving mathematical problems? Do you have the talent to learn how to solve economic issues using the most advanced techniques? Are original thoughts your forte? Are you self-motivated and eager to discover new things? Do you have what it takes to follow two programmes at once? Then BSc² is a good choice for you.
The following traits will stand you in good stead to be successful in this study:
• You have an affinity with advanced mathematics (Dutch profiles “NT” or "NG" in combination with mathematics B).
• Economic and business issues fascinate you.
• Studying in English poses no serious problem for you.
• An international setting appeals to you.
• You are interested in working with computers.We advise you to take a close look at the admission requirements.
Career Opportunities
After completing this programme you will be well qualified to work in places such as:
- Multinationals (in finance, marketing, logistics).
- Banks, insurance companies, or consultancy firms.
- Government agencies, universities (international academic career).
- International organizations like the OECD or the IMF.
Having a background in Economics as well as Econometrics gives you a substantial advantage in the (international) job market or for placement at prestigious research institutions such as the London School of Economics, the Universities of Oxford and Cambridge, or Harvard. You are well suited to work for asset managers, investment banks, and insurance companies. In addition, Central Banks (the ECB in Frankfurt, the German Bundesbank, the Dutch Central Bank, and the US Federal Reserve), but also international consultants (PwC, EY, BCG) are keen on alumni from this program. If marketing is your field, there are plenty of marketing research and consultancy firms or multinationals like Unilever or Procter & Gamble to start your career. Are you a logistics and operations research specialist? Just think about the airlines, transport authorities, or oil companies. In addition, government agencies like the treasury department, or international organizations like the OECD or IMF always need people who are strong in both economics and econometrics. Our graduates often receive multiple job offers.